Our 3 Core Principles

Crimmins Wealth Management, LLC was founded on the belief that the best planning for retirement income and advanced planning needs is done with a personalized touch.  Only by knowing the individual and/or family are we able to give the proper guidance necessary for them to achieve their goals.  We have a particular focus of working with Bergen County and northern New Jersey families and individuals who are either 1) entrepreneurs or 2) consider themselves family stewards.  We help work with entrepreneurs on the multitude of financial issues faced by them.  For family stewards, their goals are usually centered on issues like paying for college tuition or passing on wealth to heirs through a legacy.  This is due the fact that the chief financial and investment concern is taking care of their loved ones.

A logo with mature oak tree and watering well

Once we have determined what their long-term goals are, we set up a financial plan to help them achieve their unique goals. This plan – an investment strategy – is always based on the long-term historic averages of the multiple asset classes that we would invest the portfolio in.

The plan would be developed following the 3 principles that are the bedrock of our philosophy at Crimmins Wealth Management.  All of our prospective and new clients need to understand how we view investing, and we believe these three principles are the roots to a successful financial plan.

  1. Faith in the Future – any investor who is trying to benefit from the long-term investment returns of owning the great companies of the United States and the world needs to have faith that our continued human experience is improving daily.  A rational look at society in 2012 would have one understand the enormous improvement that has occurred even over the last two decades. Societal improvements are only accelerating with the ever increasing power of computers and technology.  Most of us now walk around with more computing power in our handheld phone then was available to NASA during the Apollo 13 mission.
  2. Patience – all successful investing involves being patient with regards to achieving your goals.  When done correctly, the financial plan will be viewed in the long-term and precautions will be made for the short term to allow the incredible power of capitalism to unfold.
  3. Discipline – the third principal that we follow is to ensure our clients understand that we base our beliefs on what has always worked and not on what is currently working.  An example today would be the recent performance of gold which has had a decade-long uptick, but the long-term performance of the metal is less than stellar.  Thus, at times, we require our investor clients to maintain their discipline to achieve the results that were laid out with a long-term focus in mind.

So those are our core principles that we follow here at Crimmins Wealth Management, LLC.  In a post next week, we will discuss the three practices that we follow for our clients.

 

About Dan Crimmins

Dan Crimmins, co-founder of Crimmins Wealth Management, is a financial coach and fee only financial planner. Have a financial question? ASK DAN

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